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BUSINESS

BUSINESS latest

Musk leveraged SpaceX loans to support Tesla, SolarCity
April 25th, 2026 - 09:10 GMT
Osama Ali

Osama Ali

Musk leveraged SpaceX loans to support Tesla, SolarCity

ALBAWABA - The New York Times' research has shown how Elon Musk uses SpaceX as a primary source of funding to sustain his personal liquidity as well as other businesses in his portfolio. The study claims that Musk obtained large loans from SpaceX, starting with $100 million in 2018 and growing to over $500 million over the next years. These loans were secured by his firm shares and had interest ...
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Saudi Arabia is expected to face a recession in 2017, according to Bank of America. (Shutterstock)
August 22nd, 2017 - 12:19 GMT

Expat Fee, VAT to Add $21 Billion to Saudi Arabia's Revenues in 2018: BoA

Emaar Hospitality 28th upcoming hotel project – the signature Address Fashion Avenue.
August 22nd, 2017 - 12:17 GMT

Emaar Hospitality Group Unveils 20th Address Hotel Project

The partnership agreement with Mashreq Bank is part of our efforts to achieve the directives of the wise leadership to encourage customers and provide excellent government services through innovative channels.
August 22nd, 2017 - 12:10 GMT

DEWA in Bill Payment Deal With Mashreq Bank

City Centre Bahrain is anticipating an exciting Summer Campaign this year.
August 22nd, 2017 - 12:07 GMT

City Centre Bahrain Launches New 'Emoji Drop' Game

DMCC’s Innovation Hub director Franco Bosoni.
August 22nd, 2017 - 12:03 GMT

DMCC Backs VOD Dubai Jewellery Show

IGO 101 tower coming up in Jumeirah Lake Towers.
August 22nd, 2017 - 11:55 GMT

Invest Group to Pump Dh2 Billion in Dubai Real Estate Sector

DXB recorded a surge in cargo with freight totalling 213,258 tonnes in July, up 5 per cent compared to 203,153 tonnes recorded during the corresponding month last year.
August 22nd, 2017 - 11:42 GMT

Dubai Airport Passenger Traffic Hits Record 8 Million in July

Austerity is paying off for Oman. (File photo)
August 22nd, 2017 - 11:37 GMT

Oman's Economy Grows 12 Percent on Higher Oil Prices, Subsidy Cuts

An artist's impression of Saada West. (Trade Arabia)
August 22nd, 2017 - 11:36 GMT

Muharraq Seafront Project Reclamation Work Under Way

The transaction is expected to close in first quarter 2018 and has an effective date of July 1, 2017.
August 22nd, 2017 - 11:26 GMT

Total Acquires Maersk’s Oil and Gas Unit for $7.45 Billion

Emirati Women at Etihad Aviation Group
August 22nd, 2017 - 11:15 GMT

Etihad Aviation Group Recognises Partnership With Women for Emirati Women’s Day

Lebanese protesters wave the national flag in front of a barbed wire fence as large crowds rally in Beirut on August 23, 2015. (Anwar Amro/ AFP)
August 22nd, 2017 - 10:54 GMT

Lebanese President Approves Controversial Salary Scale, Tax Hike Laws

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